From Delayed Plantings to Record Prices: A Global Overview
According to Potatopro, the global potato industry is grappling with significant challenges this year due to adverse weather conditions. From delayed plantings in Europe to frost damage in South Africa, climate continues to play a crucial role in shaping potato production and pricing worldwide.
European Potato Harvests Face Adverse Weather Effects
In the Netherlands, one of the leading potato producers, there is ongoing uncertainty regarding crop yields due to extreme moisture conditions affecting many growing regions. Persistent rains over the past months have complicated planting schedules and, in some cases, necessitated replanting. Belgian potato fields are experiencing similar issues, leading to doubts about final yield volumes. Despite ample early-season volumes, prices have remained high, potentially too high for export markets. Market experts anticipate that prices may decrease as the harvest progresses.
Switzerland is facing significant losses, with about 20% of the potato harvest expected to be unsellable due to fungal diseases exacerbated by continuous rain. This situation has prompted increased imports, a trend seen over the past three years.
In Sweden, potato prices have reached historic highs due to a combination of extreme heat in May followed by excessive rain and cold weather. The poor weather conditions have led to problems with potato rotting, contributing to the record prices.
Spain is also experiencing record potato prices due to a 30% reduction in the Sevilla harvest caused by late rains. The ongoing scarcity of storage potatoes in Europe has led to higher prices and increased Spanish potato exports. Producers in Castilla y León are hastening their harvests to capitalize on the high prices, though this trend is expected to shift as French and other regional harvests come to market, potentially lowering prices.
South African Frosts and North American Trends
In South Africa, severe frosts have caused substantial damage to potato crops, with temperatures plummeting to -8°C in some regions. Estimated losses amount to 470 million rands (nearly EUR 24 million or USD 26 million), affecting approximately 2,840 hectares. The frost damage could lead to a six-week gap in supply, with prices expected to rise sharply. However, some potatoes might still recover, depending on the ongoing cold conditions.
In North America, Idaho is forecasting a reduction in Russet potato acreage for the 2024/2025 season, down to between 305,000 and 315,000 acres from last year’s 328,000 acres. A late frost in June, coupled with possible hailstorm damage, has impacted yields. The new harvest is expected to begin in late August. Meanwhile, conservation potatoes from Idaho will remain available until the new crop is in, with other regions such as Washington and Wisconsin transitioning to new harvests by early August.
Varied Outcomes in Other Regions
Germany is seeing limited demand for early domestic potatoes, with sufficient supply currently available. Seasonal price adjustments have been noted, with early foreign potatoes losing market share but maintaining quality.
In Austria, the early potato market is tense, with harvests yielding average to good results and normal supply levels. Prices are under pressure due to abundant offerings and the impact of summer temperatures and holidays.
Italy has returned to normal potato yields following last year’s extreme weather. However, higher temperatures have made current potatoes more fragile, presenting storage challenges. The Italian market is experiencing a steady demand, with prices around EUR 0.50 per kilo, though competition from cheaper Egyptian imports is influencing the market.
